CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2869.91, up 6.2% (+166.74) since 4 p.m. ET on Wednesday. All 20 assets are trading higher. Leaders: SUI (+16.4%) and BCH (+15.6%) Laggards: BTC (+3.3%) and LTC (+4.5%). The … Read more
A report by Solidus Labs has revealed the alarming scale of fraudulent activity on the Solana blockchain, with 98.6% of tokens launched on Pump.fun being chalked down as rug pulls or pump-and-dump schemes. More than seven million tokens have been issued on Pump.fun since its inception in January 2024, with just 97,000 of those maintaining … Read more
The ether-bitcoin (ETH/BTC) ratio has reached an “extremely undervalued” zone in a move that flashes a historically bullish signal — but traders betting on a sharp ether (ETH) recovery may want to pause. According to data from on-chain data firm CryptoQuant, the ETH/BTC market value to realized value (MVRV) ratio has dropped to multi-year lows … Read more
A Sei Network developer proposed to depreciate the blockchain’s Cosmos support on Wednesday in a bid to remove “unnecessary” complexity for users. The proposal, if successful, will make it so Sei users will only be able to send and receive transactions that are compatible with Ethereum. Cutting Cosmos support will significantly simplify the blockchain, reduce … Read more
By Omkar Godbole (All times ET unless indicated otherwise) The crypto market is a sea of green as traders look past the stagflation specter raised by the Fed on Wednesday and cheer President Donald Trump’s hint of a big trade-deal announcement with a major trading partner. Bitcoin jumped 2.6%, nearing $100,000, even with the WSJ … Read more
Hidden Road, a prime broker that focuses on crypto and traditional assets, which recently agreed to be acquired by Ripple, is opening an office in Abu Dhabi, according to two people with knowledge of the matter. The office will be led by James Stickland, a partner at the firm, said the people, who spoke on … Read more
Bitcoin (BTC) flirted with $100,000 Thursday as major cryptocurrencies including dogecoin (DOGE) and Cardano’s ADA led crypto market gains, boosted by dovish signals from the Federal Reserve and a pending trade deal teased by U.S. President Donald Trump. DOGE added 5% and ADA jumped 4%, while ether (ETH), BNB Chain’s BNB, xrp (XRP) and Solana’s … Read more
Changpeng “CZ” Zhao, founder and former CEO of Binance, confirmed on a podcast that he has formally applied for a presidential pardon from Donald Trump—less than a year after serving a four-month sentence in a U.S. federal prison. Zhao shared the update on an episode of the Farohk Radio podcast, stating that his legal team … Read more
Arthur Hayes has a message for crypto investors and bitcoin (BTC) HODLers obsessing over Federal Reserve policy as the U.S. and China inch toward a trade deal: You’re watching the wrong institution. “The real show is at the Treasury Department. Ignore the Fed. It doesn’t matter,” Hayes told CoinDesk in a recent interview. “Powell didn’t … Read more
Bitcoin (BTC) is fast closing on the $100,000 mark as U.S. President Donald Trump teased a major trade deal, with reports suggesting it could be with the U.K. The upswing in prices is consistent with the cryptocurrency’s broader bullish technical setup and buoyant risk sentiment in traditional markets. As of this writing, the Asian stocks … Read more
Bitcoin zoomed close to $100,000 early Thursday as President Donald Trump said a tariff deal with a “big, highly respected country” is to be announced soon. Trump will hold a “major” trade deal news conference at 10 a.m. ET, where the announcement is supposed to be the “first of many.” The identity of the country … Read more
The U.S. Office of the Comptroller of the Currency, which regulates national banks, has continued its about-face to earlier resistance to cryptocurrency in banking, issuing interpretive letters that say the institutions can — at their customers’ behest — buy and sell crypto assets in custody. The newly explained policy stance released by the OCC on … Read more
The Federal Reserve is growing increasingly alert to stagflation risks—an uneasy mix of slowing growth and rising inflation that could challenge policymakers. While Chair Jerome Powell insisted that the economy is in “good shape” and emphasized that the central bank is in “a good position to wait and see,” prior to shifting policy, subtle changes … Read more
David Bailey, CEO of BTC Inc., the owner of Bitcoin Magazine, is planning to launch a publicly traded bitcoin (BTC) investing company, The Information reported, citing people familiar with the matter. Bailey, who advised Donald Trump on crypto policy during his 2024 presidential campaign, is reportedly seeking $200 million through a private share sale and … Read more
Robinhood is developing a blockchain-based program to allow traders in Europe access to U.S. financial assets, two people familiar with the matter told Bloomberg. Three blockchains, including Arbitrum (ARB), Ethereum (ETH) and Solana (SOL) are reportedly being considered for the new platform which will be in partnership with a digital asset firm, according to the … Read more
Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, the Ethereum protocol reporter on CoinDesk’s Tech team. In this issue: Ethereum Activates ‘Pectra’ Upgrade, Raising Max Stake to 2,048 ETH Bitcoin Developers Plan OP_RETURN Limit Removal in Next Release Sam Altman’s World Crypto Project Launches … Read more
Shares of tech company Asset Entities (ASST) rose 194% on Wednesday after it announced that Strive Asset Management was merging with the NASDAQ-listed company to become a publicly traded Bitcoin (BTC) Treasury Company. The deal, structured as a reverse merger, will leave the combined company operating under the Strive name and listed on the NASDAQ. … Read more
As was widely expected, the U.S. Federal Reserve held its benchmark fed funds rate range steady on Wednesday at 4.25%-4.50%, extending its pause on monetary easing for the third consecutive meeting. “Uncertainty about the economic outlook has increased further,” said the Fed in its accompanying statement. “The Committee is attentive to the risks to both … Read more
Coinbase (COIN) is heading into its first-quarter earnings report on shaky ground, with four Wall Street analysts expecting a miss as the retail trading lull is likely to pressure the crypto exchange’s most profitable business lines. The company is scheduled to report first-quarter results on Thursday post-market. The analysts are projecting earnings per share (EPS) … Read more
Jack Mallers’ bitcoin (BTC) payments app Strike is set to move into the BTC lending business. Strike plans to offer users a means of borrowing fiat while continuing to HODL bitcoin, Mallers wrote in a post on X on Wednesday. “You shouldn’t have to sell the best-performing asset in human history to access cash. Now … Read more
One of the Uniswap DAO’s top contributors walked away in frustration on Monday amid concerns that other stakeholders wield too much power over the decentralised protocol. Pepo, a pseudonymous delegate whom other token holders entrusted to vote on their behalf, had participated in Uniswap’s governance since 2023. He wielded 455,000 UNI tokens, making him one … Read more
In financial markets, making assumptions based on short-term observations is a fool’s errand, as significant trends develop over months and years, not days or weeks. But as investors evaluate bitcoin’s role in their portfolios, the events of April are worth analyzing in order to understand the asset’s emerging reputation as a store of value. Backdrop … Read more
Institutional funds currently hold about 3.3 million ether (ETH), or roughly 3% of the circulating supply, through exchange-traded funds (ETFs). With 27% of ETH already staked, these ETF holdings alone could increase the amount of total staked ETH by more than 10%. And that’s without factoring in additional inflows from investors drawn to the promise … Read more
The New York State Attorney General asked the U.S. Securities and Exchange Commission to openly declare Ethereum’s ether (ETH) was a security, not a commodity, during the state’s prosecution of KuCoin in 2023, according to a document revealed by Coinbase Inc. in a trove of agency communications released on Wednesday. Shamiso Maswoswe, chief of the … Read more
Digital bank Revolut is working with Lightspark to roll out bitcoin (BTC) transactions on Lightning Network to customers in the U.K. and select countries in the European Economic Area (EEA). The feature aims to cut transaction fees and payments processing time for crypto users, Lightspark said in a blog post. When asked in an email, … Read more
The institutional acceptance of crypto around the world has accelerated significantly recently, developing hand in hand with better-defined regulation. Here, BlockFills CEO Nick Hammer discusses the reasons for crypto’s increasing institutional usage and some of the latest products responding to that demand. What trends are you seeing now in the digital asset space? We’ve been … Read more
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2736.75, up 1.5% (+41.53) since 4 p.m. ET on Tuesday. Sixteen of 20 assets are trading higher. Leaders: LTC (+7.7%) and SUI (+3.9%). Laggards: AVAX (-1.2%) and UNI (-1.1%). … Read more
Crypto exchange Gemini has hired Brad Vopni as head of institutional, the company told CoinDesk in an exclusive interview. Vopni will be responsible for overseeing and executing the firm’s institutional strategy. Gemini is already working with exchange-traded fund (ETF) providers such as VanEck, Purpose, Evolve, 7RCC, and Monochrome, the company said. “With a crypto-native platform … Read more
Bitcoin (BTC) is now up 3% since the beginning of May, after gaining 14% gain in April. Inflows into BTC exchange-traded funds (ETFs) have accelerated over the past two weeks, while consistent bitcoin treasury accumulation continues to support the market. From an on-chain perspective, Glassnode data shows that both short-term holders (STHs) and long-term holders … Read more
Global payments service provider Visa’s (V) venture capital arm made a strategic investment in BVNK, a startup building stablecoin-based payment infrastructure, in a move that reflects legacy financial financial firms’ push into blockchain-powered money movement. “Visa’s deep expertise in building global payment networks, combined with our stablecoin infrastructure, creates powerful possibilities for redefining how businesses … Read more